
FTX to start repayments on May 30
FTX is preparing to start repaying claims over $50,000 on May 30, 2023, nearly 27 months after its collapse in November 2022. The company, led by CEO John Ray III, will use part of its $11.4 billion cash reserve to pay major creditors. Bankruptcy attorney Andrew Dietderich mentioned that FTX is dealing with an overwhelming…